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Archive: November 2022

Maryland’s Smith Island Commits to Rebuilding Community, Rejecting Buyouts
Insurance Journal | November 30, 2022
Maryland’s Smith Island Commits to Rebuilding Community, Rejecting Buyouts
SMITH ISLAND, Md. (AP) — For the people of Smith Island, weather guides a way of life as much as the tranquil atmosphere for which it has become known. Hurricanes with names like Hazel, Agnes, Isabel and Irene become part …
Report on Deaths of Workers at Veterans Hospital Finds Protocols Not Followed
Insurance Journal | November 30, 2022
Report on Deaths of Workers at Veterans Hospital Finds Protocols Not Followed
A federal investigation released Monday of a hot steam accident that killed two workers conducting maintenance on a boiler system at a Veterans Affairs hospital in Connecticut substantiates a whistleblower’s allegations that employees did not follow proper protocols to control …
ALKEME Acquires Dealer Insurance Services in California
Insurance Journal | November 30, 2022
ALKEME Acquires Dealer Insurance Services in California
ALKEME acquired Dealer Insurance Services in Laguna Hills, California. Dealer Insurance Services will continue to operate under its current brand. Dealer Insurance Services specializes in benefits, with a focus on the auto dealer industry. ALKEME is based in Ladera Ranch, …
Report from California Insurers Calls for More Freedom to Use Wildfire Catastrophe Models
Insurance Journal | November 29, 2022
Report from California Insurers Calls for More Freedom to Use Wildfire Catastrophe Models
Associations representing insurers operating in California on Tuesday released an analysis from Milliman showing wildfire catastrophe models would improve homeowners’ access to insurance in the face of climate-induced wildfire risk. The analysis was commissioned by the Personal Insurance Federation of …
Houston Lifts Boil-Water Notice
Insurance Journal | November 29, 2022
Houston Lifts Boil-Water Notice
Houston residents are safe to use and drink tap water again after the city lifted its boil-water notice early Tuesday morning for all customers. “Customers should flush their water system by running cold-water faucets for at least one minute, cleaning …
NFP Acquires Olson & Olson in Colorado
Insurance Journal | November 29, 2022
NFP Acquires Olson & Olson in Colorado
NFP acquired Olson & Olson Insurance Services Inc. in Denver, Colorado. Firm leaders Darrell Olson II and Lance Olson will join NFP and report to John Hohman, president, West region, NFP. Olson & Olson is an insurance broker with capabilities …
Texas DWC to Host Presentation on Amendments to Administrative Code
Insurance Journal | November 29, 2022
Texas DWC to Host Presentation on Amendments to Administrative Code
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) informally proposes amendments to 28 Texas Administrative Code (TAC) Chapter 133, General Medical Provisions and 28 TAC Chapter 134, Benefits–Guidelines for Medical Services, Charges, and Payments to improve the designated …
Massive Snowfall Buries Western and Northern New York
Insurance Journal | November 20, 2022
Massive Snowfall Buries Western and Northern New York
BUFFALO, N.Y. (AP) — A dangerous lake-effect snowstorm paralyzed parts of western and northern New York on Friday, dumping over 5 feet in some spots with more expected to fall through the night into Saturday. The storm was blamed for …
Lemonade Records Net Loss, Top and Bottom Line Growth
Insurance Journal | November 18, 2022
Lemonade Records Net Loss, Top and Bottom Line Growth
Insurtech Lemonade booked a third-quarter net loss of $91.4 million compared with a net loss of $66.4 million during the same quarter last year, but in a letter to shareholders, the company said both top and bottom lines came in …
Court Won’t Reconsider Block of Arkansas Trans Care Law
Insurance Journal | November 18, 2022
Court Won’t Reconsider Block of Arkansas Trans Care Law
LITTLE ROCK, Ark. (AP) – A federal appeals court said Wednesday it won’t reconsider its ruling temporarily blocking Arkansas from enforcing its ban on gender-affirming care for children. The 8th U.S. Circuit Court of Appeals denied the state’s request for …